During my move in orientation I let them know that we will do a follow up in 30 days and then do quarterly inspections to “appropriately maintain the property”. 

@Dan Heuschele  Even if your assessment is correct,  there are vast differences in pricing, price-to-rent ratios, taxation, and especially landlord laws. 

For example, there's serous appreciation happening where I'm at (C+), and it's significantly hotter just a quarter mile down the road west of here (B, but half a mile in the opposite direction is a C neighborhood that is not experiencing any growth.

@Erin W.From a tax perspective - As a California resident - you are taxed on "worldwide income" meaning you have to report every income you earned to CA and pay tax on it.This can include W-2 wages earned through your employer, real estate investments in CA and even real estate investments out of state such as Texas.Normally - to offset the potential double taxation - California will give you a credit for taxes paid to another state.

I purchased 12 units just last month in this area and as of today I'm in the process of evicting a quarter of the building for non-payment of rent.

While double taxation is in play for C corps, would it be to my advantage to orchestrate a C Corp (rather than other business structures) to reap the benefits of this tax reduction?

I am looking for recommendations for tax preparation professional with knowledge of cross-border (USA/CAN) taxation.

My goals now is to wholesale 5 deals by each quarter of the year. 

Hi all, I live in Fargo, ND and the market has been hot here but has slowed down during the last quarter.

I have house hacked and let me tell you nothing is more uncomfortable than sharing the same living quarters with someone who is past due on their rent and seeing them day to day.